Supermarkets in trouble again


had a splash on Saturday with yet another attack on the big supermarkets. On this occasion it accused Asda and Tesco of having raised their prices in the weeks running up to Christmas. Former Office of Fair Trading (OFT) Director-General Sir John Bridgeman, now supplementing his retirement income as an “international consumer consultant”, described this as a “systematic, cynical and aggressive attempt to exploit demand.”

Len Shackleton is an Editorial and Research Fellow at the IEA and Professor of Economics at the University of Buckingham. He was previously Dean of the Royal Docks Business School at the University of East London and prior to that was Dean of the Westminster Business School. He has also taught at Queen Mary, University of London and worked as an economist in the Civil Service. His research interests are primarily in the economics of labour markets. He has worked with many think tanks, most closely with the Institute of Economic Affairs, where he is an Economics Fellow. He edits the journal Economic Affairs, which is co-published by the IEA and the University of Buckingham.